Collateral easing in non-standard times: a review of the role of Additional Credit Claims in the Eurosystem collateral framework

In this paper we explore the role of the temporary and country-specific Additional Credit Claims (ACC) frameworks as a monetary policy implementation tool. We discuss their evolution and provide a novel and detailed description of all ACC measures adopted by the different euro area NCBs since 2012. Reviewing the literature, we document the channels through which ACCs contributed to liquidity distribution during the euro area sovereign debt crisis, the negative interest rate period and the pandemic.

Private Data, Public Danger? How the Shutdown Poses Risks to the Entire Economy

As the government shutdown drags on, official economic data has slowed to a crawl, leaving policymakers, markets, and citizens increasingly reliant on private-sector numbers. That’s a problem.
If the 2008 financial crisis proved anything, it’s that economic stability is not a given but a fragile construct – one that can collapse at warp speed when trust, transparency, and accountability erode.

Reality has a way of reminding us if we forget.

The unraveling of workplace protections for delivery drivers: A tale of 2 workplace models

American households have become dependent on Amazon.

The numbers say it all: In 2024, 83% of U.S. households received deliveries from Amazon, representing over 1 million packages delivered each day and 9 billion individual items delivered same-day or next-day every year. In remarkably short order, the company has transformed from an online bookseller into a juggernaut that has reshaped retailing. But its impact isn’t limited to how we shop.

The unraveling of workplace protections for delivery drivers: A tale of 2 workplace models

American households have become dependent on Amazon.

The numbers say it all: In 2024, 83% of U.S. households received deliveries from Amazon, representing over 1 million packages delivered each day and 9 billion individual items delivered same-day or next-day every year. In remarkably short order, the company has transformed from an online bookseller into a juggernaut that has reshaped retailing. But its impact isn’t limited to how we shop.

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